MGMT 490 QUESTIONS AND VERIFIED ANSWERS
This is the mix of performing an activity internally as well as outsourcing in any given
stage of the vertical chain refers to which vertical integration strategy? - Answers -
Tapered integration
When products of an innovator are primitive and do not live up to buyer expectations,
this mover advantage exists - Answers - late mover
When firms look to compete in entirely new markets rather than in mature markets -
Answers - blue ocean strategy
The range of product and service segments that a firm services within its focal market -
Answers - horizontal scope
The Builderific activity demonstrated this, a situation where first mover advantage is a -
Answers - disadvantage
Consists of two broad categories of activities; the primary activities that create customer
value and the requisite support activities that facilitate and enhance the performance of
the primary activities - Answers - value chain
Are the capacity to learn new capabilities (hint: Honda example) - Answers - dynamic
capabilities
A resource that has all four of these will produce a sustainable competitive advantage. -
Answers - VRIN
The three tests of a winning strategy - Answers - fit, competitive advantage, and
performance
the value proposition and profit formula - Answers - business model
human assets and intellectual capital are 'this' type of asset. - Answers - intangible
the combination of planned, deliberate, and emergent strategy - Answers - realized
strategy
strategy for a diversified firm in addition to business, functional and operating strategies
- Answers - corporate strategy
Embraces the tasks of developing a strategic vision, setting objectives, crafting a
strategy, implementing and executing the strategy, and then monitoring developments
This is the mix of performing an activity internally as well as outsourcing in any given
stage of the vertical chain refers to which vertical integration strategy? - Answers -
Tapered integration
When products of an innovator are primitive and do not live up to buyer expectations,
this mover advantage exists - Answers - late mover
When firms look to compete in entirely new markets rather than in mature markets -
Answers - blue ocean strategy
The range of product and service segments that a firm services within its focal market -
Answers - horizontal scope
The Builderific activity demonstrated this, a situation where first mover advantage is a -
Answers - disadvantage
Consists of two broad categories of activities; the primary activities that create customer
value and the requisite support activities that facilitate and enhance the performance of
the primary activities - Answers - value chain
Are the capacity to learn new capabilities (hint: Honda example) - Answers - dynamic
capabilities
A resource that has all four of these will produce a sustainable competitive advantage. -
Answers - VRIN
The three tests of a winning strategy - Answers - fit, competitive advantage, and
performance
the value proposition and profit formula - Answers - business model
human assets and intellectual capital are 'this' type of asset. - Answers - intangible
the combination of planned, deliberate, and emergent strategy - Answers - realized
strategy
strategy for a diversified firm in addition to business, functional and operating strategies
- Answers - corporate strategy
Embraces the tasks of developing a strategic vision, setting objectives, crafting a
strategy, implementing and executing the strategy, and then monitoring developments
